Are Preselected and Pre Approved..?

Discussion in 'Credit Talk' started by Kiyi, May 20, 2002.

  1. Kiyi

    Kiyi Well-Known Member

    Are Preselected and Pre Approved the same thing or does pre-selected mean they already know you are approved?
     
  2. GEORGE

    GEORGE Well-Known Member

    "PRE-APPROVED" AND "PRE-SELECTED" AND "HAND SELECTED"...MEAN NOTHING!!!

    You are "APPLYING" for a credit card and you have to qualify...

    All the "PRE" stuff is a COME ON!!!

    BUT SOMETIMES it helps to be "PRE-APPROVED"...you get better rates...and higher limits...and sometimes they give you "BONUS" points towards approval...BUT IT'S NEVER GUARANTEED!!!

    I was DENIED a "PRE-APPROVED" AMEX CARD...

    DENIED CAPITAL ONE & CITIBANK "PRE-APPROVED" MANY TIMES!!!
     
  3. whyspers

    whyspers Well-Known Member

    The only thing guaranteed is guaranteed...unless you read the fine print as to what guaranteed means and you don't quaify for the guaranteed offer...lol.



    L
     
  4. Kiyi

    Kiyi Well-Known Member

    How fruity Ok.
     
  5. equalizer

    equalizer Member

    Yeah, I was "pre-approved" for a cap one term loan (yeah right) at a low rate to pay off credit cards because of acknolwedgement of my "excellent" credit rating(BS)...then got DECLINED three weeks later with another inquiry thanks alot capital zero. To Quote the great Wayne Gretzky...."That's a CROCK of CRAP!"
     
  6. sam

    sam Well-Known Member

    You have been "Pre-selected" off a list of junk mail list.

    Is the truth.

    It means nothing, if you don't qualify to apply online, you sure as heck aren't going to qualify by sending that paper in.

    word.
     

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